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1999 (2) TMI 350 - CEGAT, NEW DELHIExtract: .......alty of Rs. 12 lakh. In the facts and circumstances of the case, we reduce the amount of redemption fine from Rs. 12,30,000/- to Rs. 5,00,000/- (rupees five lakhs only). The amount of penalty is also reduced from Rs. 12,00,000/- to Rs. 5,00,000/- (rupees five lakhs only). Subject to above, the appeals is are otherwise rejected. Ordered accordingly.
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